The DM market in China to grow at a CAGR of 8.50% over the period 2014-2019.

The report, DM Market in China 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers China; it also covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

DM is one of the sub-segments of PLM. It improves the overall efficiency of production by optimizing the manufacturing process, managing data in the product development cycle, and supporting effective collaboration within an organization, which in turn reduces manufacturing costs. DM software provides and supports process planning, factory modeling, visualization and simulation of operations, human factor analysis, and collaborative communication.

Many large DM software vendors have started to focus on fast-growing SMEs that require compact DM software with less maintenance and easy configuration. SME-specific DM software reduces the total cost of ownership as it is priced lower compared to other commercial DM software. Many SMEs and other cost-driven companies have started to adopt compact DM software, which is increasing the focus of large DM vendors on SMEs.

According to the report, DM reduces the production time and improves the lead time of the manufacturing process, which creates demand for DM software. It is estimated that DM reduces production time and lead time. It helps manufacturing companies to reduce lead time by reducing product design time, shortening the production planning process, and reducing time spent on design changes. Thus, DM reduces overall time to market by 30% by improving the operation planning process and the product design process.

Further, the report states that the training and product costs of DM software are quite high, hence, several companies resist investing in these solutions, and instead adopt open-source software.